Bitcoin’s Short-Term Panic Signals Potential Rebound to $100,000

Recent analysis indicates that Bitcoin is experiencing significant short-term selling pressure as reflected in the Spent Output Profit Ratio (SOPR), which has fallen below 1. This suggests widespread capitulation among short-term holders, signaling a potential turning point in the market. If BTC holds above $80,000, a rebound towards $100,000 by year’s end is possible, supported by long-term holder accumulation. However, this potential bounce hinges on maintaining key support levels, as a break below $80,000 could unleash cascading liquidations and trigger a more extended market correction.